NRB 2026 Q1: Net loss widens, record order backlog of 1.45T… policy tailwinds expected
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Consolidated Q1 2026 revenue KRW 17.1B (+189% YoY), operating profit 1.5B, net loss 3.2B (wider)
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Net debt-to-equity ratio 133.3% (from 92.2% at end-2025), cash 6.1B (down from 10.9B)
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Order backlog KRW 1.45T (residential 87.9%, education 12.1%), winning LH/GH projects
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Credit rating upgraded to BBB0 (from BBB-), no BIS/NPL data
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No dividend or share buyback
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Production utilization 23.3% (low), expanding Gunsan and Gimje plants
KOSDAQ Filing Information
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Filing: Quarterly Report (2026.03)
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Company: NRB (475230)
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Submission: NRB, Inc.
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Receipt: 05-15-2026